Searches And Hires
The plan is looking for providers for its approximately $85 billion index portfolio.
The pension fund’s board reviewed an international equity manager search report to replace an underperforming incumbent last month.
The plan is seeking private equity and private credit strategies for a projected mandate of $20 million to $25 million.
The pension plan also maintained the fiscal year 2027 asset allocation policy for three of its systems this week.
The deferred compensation plan previously conducted a search for the services in 2020.
The plans expect to evaluate proposals by their Sept. 10 board meeting.
The pension plan hired a convertible bond manager to handle $35 million last month.
The foundation last conducted a search for the services in late 2018.
The foundation added a new passive large-cap equity fund to replace two active large-cap strategies within its portfolio to diversify traditional momentum strategies and reduce fees.
The foundation is considering introducing alternatives investments within its portfolio after hiring a new firm to provide non-discretionary investment consulting services to conclude an RFP process from last year.
